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Winter Cereal Yields 'Disappointing'

The winter cereals harvest is nearly complete.
 
Doug Martin is secretary with the Manitoba Crop Alliance.
 
"The winter wheat was a little disappointing as far as yields go," he said. "In that 60 to 70 bushel [range] is kind of what I've heard. Lack of early spring rains to help stimulate growth and move the fertilizer down did some impact on it. It's probably yielding simaliar to what the hard red spring [wheat] is."
 
Martin says fall rye yields were variable depending on rainfall amounts.
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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.